Update 1 Sept

A good week for DCG (Diff Code Global) following an amber signal on Monday! Tuesday was the first trade of the new week and this one found the profit target in the afternoon session the next day. Both Wednesday’s and Thursday’s trade hit the spot successfully in the morning session on Thursday. Friday rounded of a good trading week when that trade hit the profit target in the morning. As a result, there are no trades carried forward into next week.

DCT (Diff Code Transatlantic) had the day off on Monday as the UK element was closed for the late August bank holiday. Tuesday also turned out to be a no trade day due to an amber signal being “flagged”. Wednesday was the first trade of the week and this one found the profit target in the afternoon session of the same day, as did Friday’s trade, closing successfully in the afternoon session of the same day. Thursday’s trade is still open and I will report on this one next week.

Another quiet week for DCE (Diff Code Europe) with just two trades highlighted. Monday’s trade was closed for a reduced loss by Tuesday’s amber signal and both Wednesday and Thursday were flagged as amber days. The week finished on a high though with Friday’s trade hitting the profit target in the early session of the same day. As a consequence, there are no trades carried forward in next week.

DCO (Diff Code Oil) continues to be in good form this week with four winning trades and one losing trade. Wednesday spoilt the party but Monday, Tuesday, Thursday and Friday all found their respective profit targets. Ten of the last eleven trades have won for this instrument. There are no trades carried forward into next week.

If you are working with a fairly modest bank you may find that 5% produces a stake that is below the minimum. In these instances, it is probably wise to step down from trading until the markets normalise and get back to sensible proportions. I certainly would not recommend trying to “tough it out” by compromising your staking plan and over extending yourself. You may miss a winner or two along the way, but at least you will live to trade another day. Personally, I would welcome (and feel more comfortable) with a reduced trading range where the profit target is around 100 points or below.

The weekend promises to be warm and pleasant so make the most of it.

Kind regards,

Martin